A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % s

MCQ Practice

A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?

Subject: MathematicsTopic: Stocks And Shares

3600(8%), 4200(9%)

4000(8%), 4200(9%)

3600(8%), 4000(9%)

4000(8%), 4000(9%)

Correct Answer: A